Friday, April 6, 2012

North Carolina Smear Campaign - The Role of Local Newspapers in the Worst Bank Foreclosure Fraud in US History

The below correspondence was issued today to ALL editors and reporters at the four newspapers in the Triangle Region of North Carolina who participated in a diabolical and highly coordinated print smear campaign targeting Spencer C. Young in the prefacing stage to The Worst Bank Foreclosure Fraud In US History.

It would appear I need no introduction because you collectively publishedover 60 false, malicious and disparaging articles about me. Nevertheless, I do so in deference to those who receive this letter, but were not involved in the criminal acts described herein – for it is they who will most likely consider whether yours remains an organization they wish to be associated with . . . particularly after observing your “official” response to my conciliatory offer.

And it’s not merely what you published that exposed OBVIOUS malicious intentions, but also what you didn’t publish. For instance, your articles deliberately ignored TWO “Elephants in the Room”, which were the root cause of ALL the fraudulently manufactured trials and tribulations covered in your articles, namely:

Parking Lot Contract Dispute Was A Ruse – Your published articles were 100% false, despite having been provided overwhelming evidence from Bill Mathews and John Cooke of the law firm, Womble Carlyle that exposed the “contract impasse” for what it was – an orchestrated ruse and manufactured through the bad faith of the fellow who later erected the illegal parking lot barriers. The truth is I had always agreed to his proposed contract terms, and he always reneged when it came time to sign the contract; and

Town’s Failure To Enforce Parking Permit – Over the previous two years I had owned the property, the Town of Chapel Hill had dutifully enforced compliance with the Special Use Permit (which provided parking “exclusively for patrons of TCoCH”), but then inexplicably failed to do so in late July 2007, in contradiction of its express mandate and assurances provided by then Mayor Kevin Foy and Mayor Pro Tem Bill Strom.

These facts were articulated in a press-release (also suspiciously ignored by you), which was issued on January 29, 2010, four days prior to a violent and unlawful eviction executed by a SWAT team of over a dozen emotionally frenzied deputies on a mortgage that was: (1) never delinquent; (2) never in default; and (3) PAID-IN-FULL !!

Now why would so many crazy, over-the-top events occur in North Carolina and lead to the worst bank foreclosure fraud in U.S. history? The answer lies in HOW this scandal escalated and the Bank CEOs who are directly involved. You were also made aware of all this, but again reported NOTHING. In short, you knowingly reported LIES and deliberately withheld the TRUTH. This evidences a profound lack of journalistic integrity, and suggests criminal complicity in cover-up of MorganStanleyGate, which is the scandal behind ALL of the bizarre over-the-top events described herein. Importantly, you need to understand the damages you have played a role in causing.

The Damages

This scandal has caused significant damages including, but not limited to: (1) the grand larceny theft of approximately $50 million; (2) ending my marriage of 24 years to Maria Young; (3) torturing and effectively murdering my ex-wife; (4) causing my fiancée, Leah Krier to suffer a nervous breakdown ; and (5) causing profound family dysfunction which effectively decimated my family – for example, I’ve not seen my four sons IN MORE THAN TWO YEARS, including:

Michael Young – who graduated Duke with honors in 2008 and played for the Duke men’s lacrosse team, where his teams made the NCAA Final Four three times, and were ACC Champions two times;

Kevin Young – who graduated Duke with honors in 2011 and also played for the Duke men’s lacrosse team, where his teams made the NCAA Final Four on four occasions, including a National Championship and were ACC Champions two times

Whether the ramifications of your misdeeds will come to fruition will be entirely up to you. For I am hereby giving you the opportunity to issue explicit unambiguous retractions of each and every falsehood contained in your past malicious articles. By doing so to my satisfaction, I will not pursue significant civil claims against your organization, nor any of the individual reporters and editors responsible for publishing those god-forsaken articles.

And while I cannot speak for the U.S. Justice Dept., the FBI, or other law enforcement agencies who will conduct the related criminal investigations, your cooperation in their prosecutorial efforts may obviate that risk for you also, but I surmise you’ll have to start naming names.

Feel free to respond by email atresponses@scyinv.com, and although I don’t expect you to take me up on this gracious conciliatory offer, I can at least have a clear conscience knowing I availed you the opportunity to avoid what may otherwise become an Armageddon of dire consequences.

Sincerely,Spencer C. Young

PS: If you have information that would be helpful in resolving this matter, please send a text message indicating such to 919-357-2844. You will be assigned a dedicated encrypted email account, which you can utilize for such communications.